Les Billets de Monocle
- Les Billets de Monocle
127 heures
En avril 2003, Aron Ralston tombe à l’intérieur du canyon qu’il est en train d’explorer. Dans sa chute, il se coince le bras entre deux rochers. Après avoir...
29 November 2023
- Les Billets de Monocle
La fin des vacances
A chaque fois que les banques centrales remontent les taux pour siffler la fin des vacances, on voit un moment où les marchés ne veulent pas l’entendre. Ce...
17 November 2023
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« Magnificent Seven »: la fin de l’épopée?
Vous avez lu un peu partout que la hausse du marché américain cette année est due aux « Magnificent Seven »: Apple, Alphabet, Amazon, Meta, Microsoft, Nvidia et Tesla. On...
10 November 2023
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Ça balance pas mal à Paris… et ailleurs
On arrive dans la dernière ligne droite de l’année. Les résultats du troisième trimestre sont en grande partie sortis et le moins que l’on puisse dire c’est que...
03 November 2023
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« Spin-offs are Grrreat ! »
Ci-dessus c’est le graph de l’action WK Kellogg, le roi du corn flakes. Le groupe historique vient de se séparer de son activité américaine en en faisant...
19 October 2023
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Long taux longs
Depuis des années, sur notre partie obligataire nous ne faisions pas grand-chose. Avec les taux à zéro, il y avait peu à gagner, et beaucoup de coups à...
13 October 2023
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« Les dollars sont dans l’ours en peluche »
Cette femme, c’est Kati Karikó avec son mari et sa fille Susan. Nous sommes en 1985, elle vient d’avoir trente ans et de faire ses valises pour...
04 October 2023
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« Test de réalité pour une favorite Covid »
La presse a beaucoup parlé ces derniers jours d’Instacart. Créée en 2012 par un ancien d’Amazon, l’entreprise américaine permet aux clients via son application d’envoyer un « personal...
29 September 2023
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« Dumb Money »
En 2021, au top de la frenzie, j’avais trouvé un indicateur simple qui était l’action Gamestop. La société, spécialiste de la distribution de jeux vidéo, était déjà bien...
21 September 2023
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« Pleased »
Le billet arrive tard cette semaine parce que je me suis retrouvé empêtré dans mes analyses. Je voulais vous faire un truc simple sur Dollar General, à la...
15 September 2023
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« Attends, attends… »
3 Janvier 2022, Teleperformance, le leader mondial de la relation client est la star du CAC40. Toujours dirigé par son fondateur, le groupe et ses 400.000 salariés sont...
08 September 2023
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It's time to get out the umbrella
The indices rise, the media follow and euphoria returns. Meanwhile, I see that: 1. consumer confidence is at an all-time low. The recent publication...
31 August 2023
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Adyen: a 50% drop in three days!
Adyen, a flagship of the European tech sector which entered the STOXX 50 with great fanfare three years ago, has lost half its capitalisation in the space of a few days...
24 August 2023
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Winning by not losing
Investing is a long-term game, and to win, you need to be there at the end of the game. At Monocle, we follow the advice of...
21 August 2023
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Tranquille
La plupart des résultats du Q2 sont sortis. Je voulais vous faire un topo sur Apple, mais Shawn Tully, un des anciens de Fortune, l’a déjà fait. « Le bénéfice...
10 August 2023
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100% Emotions
August 1, markets are high, rates are high. Generally speaking, they don't work together. How do you decide? By looking at a file in detail. I'll take Netflix, which...
03 August 2023
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Money for nothing
It's no exaggeration to say that streaming has completely infiltrated our lives in recent years. Whether it's music or video, most of us are already...
28 July 2023
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A good place to fish
It's not a secret: since the start of the year, the performance of the main US indices has been driven by a few big names. The S&P 500 "market...
21 July 2023
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The Hand of God
Article this week in the Financial Times by Robert Armstrong - one of the old hands - entitled "The Seven Mercenaries". He talks about the 7 stocks that...
18 July 2023
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Long and Good
Bond prices fall when interest rates rise. If I have in my hands an A bond that pays me 3% a year, and tomorrow a...
05 July 2023
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$339
In September 2018, Apple released version 4 of its Apple Watch. Release price: $399. In September 2020, Apple released version 6 of its Apple Watch....
28 June 2023
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Watching paint dry
Wall Street Journal reporter Jason Zweig recently reprinted a series of articles in which he described the 7 virtues of great investors (which you can find here). Each...
20 June 2023
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The Death of Accounting
In 2016 Baruch Lev released his book "The Death of Accounting". It's a field he knows well: he spent his entire career as a professor of accounting at...
14 June 2023
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Two hundred billion
This is the market capitalization of Hermès. This is unreasonable. For a long time, Hermès was valued at a very high price because it had ...
07 June 2023
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Thinking in bets
We took a short position on Nike via options a few weeks ago, when the stock was trading at $125 (versus $105 today). Like what...
01 June 2023
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Munger Unchained
Ah, the long May weekends, the perfect opportunity to escape for a few days, three weeks after my arrival at Monocle AM. In my case, it was to the United States. And not just anywhere: Omaha, Nebraska.
10 May 2023
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It's all calm
Above, in green, is the SP500 index, in orange is the implied volatility index (VIX), and in purple is the Open Interest on VIX futures contracts.
04 May 2023
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There’s a shark in my lipstick ?!
We continue to see emerging opportunities in convertible bonds.
27 April 2023
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When no one wants it anymore...
1/ Climate: Globally, approximately 50 billion tons of greenhouse gases are emitted each year. Out of this total, livestock accounts for 7 billion tons, which is 14% of the world's CO2 emissions.
19 April 2023
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It's Clearance Sale Time
After spending several months cooped up, consumers let loose once the pandemic was over. With their pockets full of money, they began to spend lavishly (on clothes, computers, furniture, etc.)
11 April 2023
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The Gorilla's Dance
"I have a lot of respect for Sundar Pichai, the CEO of Google, and his team. But with what we are releasing today, it will force them to rise and come to the dance. And I want the world to know that we're the ones who made them dance." (Nadella, February 7, 2023).
05 April 2023
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Buying Shorts
After spending our days searching for something to buy, without success, we ended up finding something to sell.
28 March 2023
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Rivian the next Tesla ?
A few years ago, when Tesla was a controversial stock, we invested in its bonds. From a financial perspective, it wasn't clear whether Tesla would succeed.
23 March 2023
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Swipe right and it’s a match!
If the name Match doesn't ring a bell, I'm sure some of you are familiar with several of their brands. And who knows, you might have even met your better half on one of their apps. Fifteen years ago, only 3% of married couples met online, compared to 45% today.
16 March 2023
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Good news about Volkswagen
Last Friday, the Chief Financial Officer of the Volkswagen Group (holding a 6.7% stake) shared the group's expectations for the year 2023. Vehicle sales are projected to increase by 15% to reach 9.5 million units.
08 March 2023
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The most valuable company of Germany
Exactly 7 years ago, on February 27, 2015, the Financial Times ran the headline: "Volkswagen Warns of No Margin Improvement This Year." Despite this "calm down" from management, Volkswagen's share price reached an all-time high of €225.
01 March 2023
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Gear up, Get Ready, Go!
Optimism is a rare occurrence around here, I know. But I'll try to put it to good use.
21 February 2023
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An arm and a leg
Two burning questions dominate the current market landscape: 1) Central banks and inflation, and 2) the subsequent impact of the first question on the 2023 markets.
15 February 2023
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Mom, I Missed the Plane
On January 27, we penned our thoughts about Meta after liquidating half of our position: "We maintain strong confidence in the long-term trend, but given the prevailing circumstances, we exercise prudence concerning the forthcoming results." Four days later, we closed the remaining position ahead of Snap's results.
06 February 2023
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An important week
I'm not going to start this post with a pun or a movie reference (which is not typical of me, as you would agree).
30 January 2023
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21 Years Ago
This year is off to a strong start. But it's nothing compared to 2001. 21 years ago, the Wall Street Journal headline read: « Aggressive action by the Federal Reserve to slash interest rates has helped to revive the Nasdaq Composite Index, which was up 12.2% in January, one of its best Januarys ever. »
27 January 2023
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The Era of Profit Warnings is Upon Us
We hate to be the bearers of bad news, but the corporate landscape is at odds with the surging markets. This week, we present a concise recap of the latest happenings on the frontlines.
18 January 2023
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Sugar
"Do you still know any buyers today, ones even dumber than you?"
11 January 2023
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A new year
I wish you all the best for this new year. The 2023 performance started on Monday morning at 9:00 a.m., which means we need to move quickly to analyze the 2022 results, learn the necessary lessons, and position ourselves for the forthcoming 12 months.
04 January 2023
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Thank you!
As we near the end of 2022 – though we must remain cautious given the prevailing volatility in the markets – we wanted to take this final Post before Christmas to express our gratitude.
23 December 2022
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Follow the cash
Le Billet de Monocle – Follow the cash | RSS.com Cette semaine, on suit les conseils de Warren Buffet. Sa thèse : une belle entreprise crée de la...
15 December 2022
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Give me a one-handed Economist
“Give me a one-handed Economist. All my economists say, 'on the one hand...', then 'but on the other...”
08 December 2022
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Valuation Training - Part 2
You've all been waiting for it: here are our insights into last week's valuation Tutorial.
29 November 2022
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Tuto Valo
Zoom, la débâcle. Cours de l’action il y a 2 ans : 427$. Cours de l’action aujourd’hui : 76$. Une chute de 82%.
24 November 2022
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High Kick
Last Thursday's move on the SP500 (+5.54%), to give an image, was like a guy the size of Kareem Abdul-Jabbar walking into the bar...
17 November 2022
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It is urgent to wait
The burst of the bubble has begun. The airship in which we, investors, find ourselves, slowly loses altitude. To our great pleasure: the closer we are to the ground, the less brutal the fall.
November 9, 2022
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Only the Paranoids Survive
META is an important position in our fund (5%). After its publication last week, the stock lost a quarter of its value.
02 November 2022
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We Look Closer – Le cas Orpéa
Performance is built by making good deals as well as avoiding bad ones. You all know our motto "We look closer".
27 October 2022
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Deutsche Qualität
Two weeks ago, Porsche went public. With almost 300,000 units sold by 2021, a turnover of 30 billion euros...
18 October 2022
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Bond Kings on the return
"Don't you find me attractive? These are the words that Ms Robinson (Anne Bancroft) utters to Benjamin Braddock (Dustin Hoffman) when she tries to seduce him...
11 October 2022
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Nobel, Price and Statistics
There are three months left until the end of the year. Q3 results start in a two weeks with Netflix. Everyone is talking about inflation, including .....
05 October 2022
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Reserve strategy - Phase 2
As a subscriber to this post, you are most likely aware of the strategy used to manage the Monocle fund. If you are not...
27 September 2022
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Groundhog Day
If you've never seen the film Un Jour Sans Fin (1993) in which Bill Murray plays a weatherman that has to cover the "Groundhog Day" subject...
21 September 2022
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New Factsheet
Dear Investors, for this week's post, the focus is on the Monocle fund with the Factsheet for August 2022 presenting a new format.
14 September 2022
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Black-out? 🕯️
Autumn 2021: European gas stocks are reduced. The price offered by the Russians is too unattractive to stockpile, and buyers start to look for...
06 September 2022
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A personal note
For those of you who don't know (a majority I imagine), I finished my studies at Paris-Dauphine a little over a year ago.
30 August 2022
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Return Of The Jedi
For those of you who don't have the reference, the title of this post echoes the third part of the first Star Wars trilogy...
23 August 2022
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Volatility and reserve strategy
Hello, the markets are going up so opportunities are scarce, which leaves us time to work on the rest. I spent some time on the...
17 August 2022
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Pink scenario, black scenario
Hello, I hope this post finds you in good shape in these ever lively August markets. Today we are playing the simulation game: ...
10 August 2022
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Vlad l’empaleur
Most of the Q2 results are now out. There is no simple analysis to be drawn from them: upside and downside surprises.
03 August 2022
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Double trouble
SNAP released its Q2 results on Thursday evening causing a massive exodus of investors. The stock plunged* another 40%! What happened: A...
26 July 2022
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Summer checkpoint
Dear investors, before the avalanche of quarterly results that we will be talking about for a while, we would like to take this opportunity to give a progress report on the fund.
21 July 2022
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The Dark Side of the Moon of the US Dollar
"Money! New car, caviar, four star, daydream. Think I'll buy me a football team" - in case you don't recognise them, they are the...
12 July 2022
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SAS enters turbulence
This week we talk about SAS Airlines, the Scandinavian airline. SAS proposed a restructuring plan last February, following the effects of covid. The aim: to reduce the...
05 July 2022
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Destocking in sight 👟
Nike released last night its results for the past quarter. The inventory level reached a record level: $8.4 billion. That's more than...
28 June 2022
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A new rabbit out of the hat?🐇
A tanker truck. That's about the size of the wizard's hat of one of Europe's most important financial institutions: the ECB. In the category...
21 June 2022
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It's the end of vacations 🌴
Y Combinator (YC), the world's most prestigious start-up incubator (with Airbnb, Coinbase and Reddit on its roster), is raising the alarm with its...
14 June 2022
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Statement
Last name : Dimon First name : Jamie Nickname : The Diamond Age : 66 years old Distinguishing feature : Always wears the same cufflinks Position : CEO of...
07 June 2022
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New job for a new life? Hurry up...
You could already see yourself there, with a latte in your right hand and a MacBook air in your left, ready to start your new job in this company...
31 May 2022
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Stop messing around
It's good to be a CEO of a large company. A little too much, in our opinion. In 2021, the CEO of a publicly traded U.S. company is paid on average almost 15...
23 May 2022
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We got Eloned
Elon Musk, who used to be "our good friend Elon Musk", has done a 180 on Twitter: he doesn't know if he wants to buy anymore. The reason given was that...
18 May 2022
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Twitter - Elon Musk : Take it or Leave it
In these seismic markets, any profit is good to take, no matter how big. At Monocle, small gains with small risk, we take. So when we are...
10 May 2022
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Amazon: it's going to be short
Amazon released its quarterly results last Thursday. Here's the overview by division (operating income): Amazon North America: $1.6 Billion loss Amazon International...
03 May 2022
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Netflix stock: defeated by K.O.
The company's value last November: $300 billion The company's value today: $85 billion An exceptional 70% drop. Could we have anticipated it? Numerous indications...
27 April 2022
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A little trip to the Bellagio?
A white Rolls strolls slowly, in a biblical silence - disturbed only by the sound of the engine and the squealing of the tires on the asphalt. It’s very hot...
19 April 2022
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The split ✂️
Normally a split is when the price of a stock has risen a lot, we redivide the old stock into X new ones, so that the price is affordable again for...
12 April 2022
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How to beat the high cost of living?
Let me tell you the story of John, the protagonist of our story, born in the beautiful state of Wisconsin in the United States (more precisely on the edge of the cold waters of the...
05 April 2022
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Make your life easier
A little over a year ago, we were in the waiting room of the hospital. The doctor comes in and says, " It' s for now ". I grabbed the prepared bag...
30 March 2022
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The Tyrolean Ramparts
At Monocle, for several months now, our fixed income pocket has been mainly made up of very short-term government bonds. Short maturity means low yield, so why this choice?
22 March 2022
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Checkpoint : where are the "Sexy Stocks" ?
We have often denounced how irrational some valuations had become, far from any fundamentals and overbought by an overheated market. Today, where are...
15 March 2022
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Until the last drop...
Last night, at the opening of the American market, the price of WTI oil touched $130/barrel. The highest level since...
07 March 2022
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"This country is at war..."
It was in these explicit terms that Neville Chamberlain (British Prime Minister) officially declared the United Kingdom at war with Germany on September 3, 1939. The situation at that time...
28 February 2022
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Chinese Wall in Covid weather
Just this morning, President Xi Jinping was hammering that the city of Hong Kong must put in place "all necessary measures" to combat the epidemic...
16 February 2022
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Amazon 1 – Facebook 0
At the end of this earnings season, Facebook went out on a stretcher (-25%), Amazon under the cheers (+15%). In valorization, it is now $600 Bn for Facebook...
09 February 2022
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When markets play Russian roulette
On leverage, Warren Buffet once said: "If you're smart, you don't need it; and if you're stupid...
01 February 2022
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End Of the Movie For Netflix
The stock drops 22% on the announcement of Q4 results. "Netflix disappoints in terms of new subscribers, raising doubts about its ability to grow."....
25 January 2022
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Growth and Disillusionment
In February 2021, Peter Sellis, an obscure product manager at Snapchat, announced in an investor presentation that Snapchat had "years of growth in excess of 50% ahead of it." The..
19 January 2022
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What to do?
Dear readers, dear investors, After an exceptional year 2021 on the markets, during which so many records were broken, it seems to be time to make...
11 January 2022
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L'Oréal, because you are worth it
The world's number 1 cosmetics company is now paying 55x earnings. This morning, the L'Oréal share is back on its highs, at 430€. An increase of +70% since...
03 January 2022
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The revolutionary business of auto leasing
Leverage, the use of debt to increase investment capacity, is down nearly 10% in January, according to FINRA statistics.
14 December 2021
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The Saint Bartholomew's Day of the Analysts
In the French movie "Le Pacha", Jean Gabin, who plays a police commissioner who is fed up with the underworld, calls for a Saint-Bartholomew's Day for mobsters. Me, when...
07 December 2021
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Veggie Steaks and Sausages: What do we think?
Beyond Meat is the American manufacturer of meat substitute products based on vegetable proteins: understand "Sliced without chicken". At first glance and after having passed...
01 December 2021
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The Good, The Bad and The Ugly
I told you in a previous post: macroeconomics is not our primary expertise. However, with such an explosive cocktail - explosive inflation, interest rates at the level of the...
22 November 2021
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Orange, the 1=1+1 Theory?
[Reserved for an informed audience: we're going to add up] 🤓 You probably know the 1+1=3 theory. One company merges with another, the new group...
16 November 2021
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The Grand Casino
On March 11, I wrote: "Here's our business process today: 1/ Turn on the screen; 2/ Watch the Gamestop course; ...
09 November 2021
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Pfizer, The Breach of the Century
Pfizer published this morning its 3rd quarter results and specified its forecasts for the year 2021: - $82 billion in sales - $23 billion...
02 November 2021
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Small Personal Victory
September 24, 2021: Petrofac (2% of the fund) and the Serious Fraud Office (SFO) announce that they have reached an agreement that ends 4 years of investigation. October 4,...
25 October 2021
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Back To The Future
"See you later... much later!" is how Professor Brown says goodbye to Marty McFly as he leaves for a trip...
18 October 2021
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Opening Of The Quarterly Ball
The quarterly results ball will open in a few days. Each company will publish its accounts and compare itself to the previous year to display its growth rate: a metric...
11 October 2021
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Don't Have Money in the Market You Might Need
At Patrimonia last week, I kept telling everyone who walked by our booth that the current level of the Shiller PE...
04 October 2021
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Good News About Petrofac
Petrofac (6% of our fund) announced on Friday that it had reached a settlement with the Serious Fraud Office (SFO) acknowledging their guilt in "failing to prevent" acts...
28 September 2021
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LVMH, Correction You Say?
At €630, LVMH shares are trading 11% lower than their historical high of mid-August, €710. The financial press is therefore talking about a correction. LVMH is now valued at 310...
21 September 2021
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EasyJet, Fasten Your Seatbelts : -15% Today
During my few flying sessions over Ile d'Yeu, during the stall exercises - nerve-wracking moments during which my instructor asked me if I had any...
13 September 2021
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All-In On Advertising!
In the second quarter of 2021, Facebook charged 47% more for its advertising offerings than it did 3 months earlier. At Google, the "price per click" jumped 51%. And...
07 September 2021
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Peloton goes off the rails
The more athletic among you have probably already heard of - or are even savvy customers of - Peloton, the company launched in 2012 that offers bikes...
31 August 2021
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I Hope You Like The Heights
August 23, 2021, the S&P 500 approaches 4500 points, its historical high. In August 2020, after the health crisis rebound, it was 3350 points: +34%...
24 August 2021
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Summer Game
It's summertime, time to check off crossword puzzles and sudokus on a mattress by the beach. And at Monocle, we want to contribute to the effort...
17 August 2021
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Pfizer: 1 Billion Doses
Pfizer has just passed the hallucinating milestone of 1 billion doses of vaccine distributed. The pre-covid Pfizer is $42 billion in sales and...
10 August 2021
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Amazon: Complicated Landing
On Friday, after the release of its results, Amazon lost 7.5% over the session. This is its second biggest drop in ten years*. So we would expect a...
03 August 2021
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Shiller's PE (Nobel Prize In Economics)
One of the most frequently used metrics to determine the overall level of valuation of financial markets is Robert Shiller's PE. Shiller in a few words: economist...
27 July 2021
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50 Dollars
Fifty dollars is the average price paid per user for big acquisitions in Tech. Here are the details: 2006: Google buys YouTube for $1.7 Bn with...
19 July 2021
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The Weather Is Not Good: Let's Stay Covered!
One of the big topics in the macroeconomic news is inflation. To be perfectly honest, this is not our primary expertise but the very good quarterly review...
16 July 2021
- Les Billets de Monocle
History Repeats Itself
Good evening, Tonight I want to share with you the excellent analysis of GMO Asset Management (New York fund managed by the famous permabear Jeremy Grantham that we appreciate for the quality of...
09 July 2021
- Les Billets de Monocle
We Look Closer, Case Study With Capgemini
Capgemini, excerpts from April 29, 2021 Q1 revenue press release: "Capgemini Group reported Q1 2021 revenue of...
01 July 2021
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Time To Talk
No inspiration for this post: in all honesty, I don't understand the level of valuations, nor the speeches heard to explain these levels. And as you...
24 June 2021
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Back home
Back after a not so easy move back from England to France in the middle of the pandemic. The markets remain atonic: almost nothing is happening. I'm rereading the...
17 June 2021
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Nice Transaction
Yesterday we closed our small line Translate Bio (0.5% of the fund) - a biotech company specializing in the development of messenger RNA-based drugs - which...
10 June 2021
- Les Billets de Monocle
Cautious positioning
The fund's positioning remains cautious, which we believe is appropriate with markets at historical highs and valuations...
27 May 2021
- Les Billets de Monocle
Meditate
Regarding the fund, the acquisition of M6 by TF1 is excellent news. TF1 was already a good deal for us - the dividend representing a yield above...
20 May 2021
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Market of Fools!
This week I'm pushing the envelope on Pinterest: in the call held after the earnings release, CEO Ben Silbermann announced that they were expecting for the next...
05 May 2021
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Pinterest: Deception
Pinterest released disappointing results on Tuesday night. On Wednesday, the stock was down 14% (noting that this only takes it back to its price at the beginning of the year). I had...
29 April 2021
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Netflix: It's Getting Complicated
Three of our companies published their results at the beginning of the week: Danone, Petrofac and Orange. At Danone (4% of the fund): results in line with our expectations....
22 April 2021
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Q1 Results Release
The fund has been rising since the beginning of April, led by Petrofac which recovered +35% over the month to return to its February level. This rise is partly due to the fact that the fund has...
15 April 2021
- Les Billets de Monocle
Apple : Enemy N°1
Meeting on Clubhouse (the new social network), Mark Zuckerberg (Facebook - worth $830 billion), Daniel Ek (Spotify, the world's leading music site - worth $51 billion) and...
25 March 2021
- Les Billets de Monocle
Danone&Faber, TF1&M6, Petrofac
News on several of our lines these days: Danone (5% of the fund): departure of Emmanuel Faber. No opinion on the board's decision to thank him. From a point of view of...
17 March 2021
- Les Billets de Monocle
Short & Efficient
Here is our business process today: 1/ Turn on the screen; 2/ Watch the Gamestop price; 3/ If this number is higher than $20, turn off the screen....
11 March 2021
- Les Billets de Monocle
SLOW DOWN
For some companies, the pandemic has had a more than positive effect on their bottom line. Their stock prices followed suit. That effect has now passed. The...
03 March 2021
- Les Billets de Monocle
APPLE: NO
... No, it's not progressing. I've seen the headlines "APPLE: REVENUES ABOVE $100 BILLION IN LAST QUARTER" pass by like you. But the explanation is simple:...
25 February 2021
- Les Billets de Monocle
New wave in the US ?
The media announce that the pandemic is behind us: the number of cases is decreasing every day in the US + the arrival of vaccines. But if we listen to Michael Osterholm, the...
12 February 2021
- Les Billets de Monocle
Pinterest Episode 2: Results Release
There is a lot of buzz about the U.S. indices posting all-time highs these days. But given the level of dispersion, I think it's safer to analyze the lines...
05 February 2021
- Les Billets de Monocle
Gamestop: Revealing the market's folly?
It will not have escaped your attention that we are living in extraordinary times. In terms of health, politics, economics and the market, there are few...
04 February 2021
- Les Billets de Monocle
Pinterest The Return?
The drop is due to volatility on Petrofac: the stock lost 15% last week, but has recovered +17% since Monday. Our position, presented last week, does not...
28 January 2021
- Les Billets de Monocle
Petrofac Update
On Friday Petrofac fell by 30%. An impressive figure, but one that only brings the stock back to where it was two months ago. The news that caused this drop was...
19 January 2021
- Les Billets de Monocle
#Critical Sense
The main argument of those who refute the idea of a bubble is that with rates low, stocks are worth more. Yet a company like SAMSUNG, whose...
14 January 2021
- Les Billets de Monocle
Zoom On Zoom
Zoom is now worth $130 billion, the same as Facebook was at the end of 2013. At the time, Facebook was earning $1 billion per quarter and held $11 billion in cash. Today, Zoom...
24 December 2020
- Les Billets de Monocle
Covid 19 Vs Restaurants
Covid Vs Darden: The vaccine will be here in a while, but for now the virus is progressing. In the US, the number of daily deaths just surpassed the...
10 December 2020
- Les Billets de Monocle
The Nikola Case
It is difficult to understand what is happening now if we look at the evolution of the indices, and more enlightening to look in detail at a particular case. So let's take a look at...
02 December 2020
